PHILADELPHIA, PA / ACCESSWIRE / December 5, 2024 / Kaskela Law LLC announces that it is investigating Starbucks Corp. (NASDAQ:SBUX) ("Starbucks") on behalf of the company's long-term investors.
Click here for additional information: https://kaskelalaw.com/case/starbucks/
Recently a securities fraud complaint was filed against Starbucks on behalf of investors who purchased shares of the company's stock between November 2, 2023 and April 30, 2024. According to the complaint, during that time period Starbucks and certain of the company's senior executive officers issued a series of false and misleading statements to investors concerning Starbucks' Reinvention strategy.
As further detailed in the complaint, on April 30, 2024, Starbucks reported disappointing financial and operational results, disclosing, among other things: (i) a store sales decline globally of 4%, and (ii) a 2% decline in new revenues to $8.6 billion. On the back of these results, Starbucks additionally lowered its fiscal 2024 guidance. Following this news, shares of Starbucks' common stock declined $14.05 per share, or nearly 16% in value, to close on May 1, 2024 at $74.44 per share, on heavy trading volume.
Starbucks shareholders who purchased or acquired SBUX shares prior to November 2, 2023are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750 for additional information about this investigation and their legal rights and options. Alternatively, investors may submit their information to the firm by clicking on the following link (or by copying and pasting the link into your browser):
https://kaskelalaw.com/case/starbucks/
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
(skaskela@kaskelalaw.com)
Adrienne Bell, Esq.
(abell@kaskelalaw.com)
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
www.kaskelalaw.com
This notice may constitute attorney advertising in certain jurisdictions.
SOURCE: Kaskela Law LLC
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